Gaming and Leisure Properties (NASDAQ:GLPI) Sets New 52-Week Low – What’s Next?

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $39.34 and last traded at $39.7270, with a volume of 226279 shares changing hands. The stock had previously closed at $39.92.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GLPI shares. Barclays decreased their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Cantor Fitzgerald cut their price target on shares of Gaming and Leisure Properties from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Wells Fargo & Company decreased their target price on Gaming and Leisure Properties from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Stifel Nicolaus cut their price objective on Gaming and Leisure Properties from $50.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Finally, Scotiabank lowered their price target on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Thursday, September 17th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average price target of $48.73.

Gaming and Leisure Properties Stock Performance

The company’s 50-day simple moving average is $42.96 and its 200-day simple moving average is $45.18. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.51. The stock has a market cap of $11.49 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.66 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $430.52 million during the quarter, compared to analysts’ expectations of $428.51 million. Gaming and Leisure Properties had a return on equity of 19.17% and a net margin of 59.01%.Gaming and Leisure Properties’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. Analysts predict that Gaming and Leisure Properties, Inc. will post 4.03 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 8.3%. Gaming and Leisure Properties’s dividend payout ratio is currently 96.19%.

Insiders Place Their Bets

In other news, Director Earl C. Shanks bought 10,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $42.24 per share, with a total value of $422,400.00. Following the acquisition, the director owned 107,259 shares in the company, valued at $4,530,620.16. This trade represents a 10.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.11% of the company’s stock.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of institutional investors have recently made changes to their positions in GLPI. BlackRock Inc. acquired a new position in shares of Gaming and Leisure Properties during the second quarter worth about $1,596,811,000. State Street Corp lifted its stake in shares of Gaming and Leisure Properties by 2.3% during the 2nd quarter. State Street Corp now owns 13,477,304 shares of the real estate investment trust’s stock worth $600,144,000 after buying an additional 305,154 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Gaming and Leisure Properties by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 7,682,453 shares of the real estate investment trust’s stock worth $342,677,000 after purchasing an additional 258,596 shares during the last quarter. Cohen & Steers Inc. bought a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at about $313,242,000. Finally, Jennison Associates LLC raised its position in shares of Gaming and Leisure Properties by 21.7% in the first quarter. Jennison Associates LLC now owns 4,378,409 shares of the real estate investment trust’s stock valued at $194,270,000 after buying an additional 781,198 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.